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News Release

Edinburgh

Edinburgh Park Lands Two New Tenants As Success Story Continues

Exception Ltd and DNVGL Ltd commit future to Edinburgh Park


EDINBURGH, 8 February 2016 - Edinburgh Park has secured two new high profile tenants, marking a successful start for Scotland's biggest business park in 2016.

Exception Ltd, one of the UK's leading IT consultancies, has chosen to relocate its headquarters to brand new office space in West Edinburgh, following the company's continued success.

Leasing 3,900 sq ft at 3 Lochside Way, Edinburgh Park will provide Exception Ltd with its new headquarters after the company, which has offices in London and Manchester, decided to relocate from serviced workspace in South Gyle. Exception agreed a new five year lease with owners Aston Property Ventures.

DNVGL has also signed a five year lease for 2,153 sq ft of space at 3 Lochside Way, cementing the international certification organisation's foothold in Edinburgh, following a move from smaller accommodation in South Gyle.

JLL and Knight Frank acted for landlord Aston Property Ventures to secure both agreements. These latest deals mean that 3 Lochside Way is now almost 50% occupied, leaving just four vacant suites of a combined 13,395 sq ft available within the building.

Newly refurbished in 2015 by Aston Property Ventures, 3 Lochside Way provides highly flexible office accommodation with part second floor pre let to Lockheed Martin, with the latest space going to GL Industries Services UK Ltd and Exception Ltd.

Based in South Gyle, Edinburgh Park is Scotland's largest business park - a 58 hectare development that is home to a range of different occupiers. Located to the west of Edinburgh city centre, Edinburgh Park is easily accessible by road and public transport, and is just a short drive away from Edinburgh airport.

The latest deals at 3 Lochside Way are testament to the wide range of accommodation available within the building, which can meet requirements from 1,600 sq ft and up to 12,300 sq ft.

In 2015, JLL were involved in 100% of Grade A office space transactions on Edinburg h Park.

Geoff Scott, Associate Director at JLL in Edinburgh, commented: "The demand for space at Edinburgh Park is being driven by a combination of factors – better relative availability and lower costs than the city centre, the quality of the business environment, and its accessibility with first class private and public transport links, including the tram network. Supply going forward may prove problematic for occupiers in west Edinburgh following the purchase of  3,4, 5 Lochside View by an owner occupier and the large prelet to HSBC last year  combined totalling over 100,000 sq ft. These factors will change the landscape for west Edinburgh during 2016."